Short Interest in BBB Foods Inc. (NYSE:TBBB) Decreases By 61.6%

BBB Foods Inc. (NYSE:TBBB - Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 855,400 shares, a decrease of 61.6% from the March 31st total of 2,230,000 shares. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On BBB Foods

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of BBB Foods during the fourth quarter valued at $375,000. Tempus Wealth Planning LLC bought a new stake in BBB Foods during the 4th quarter valued at about $343,000. Barings LLC boosted its position in BBB Foods by 375.0% in the 4th quarter. Barings LLC now owns 37,959 shares of the company's stock valued at $1,073,000 after buying an additional 29,968 shares during the period. William Blair Investment Management LLC grew its stake in BBB Foods by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company's stock worth $59,901,000 after purchasing an additional 170,811 shares in the last quarter. Finally, Zweig DiMenna Associates LLC grew its stake in BBB Foods by 4.9% in the fourth quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock worth $11,217,000 after purchasing an additional 18,541 shares in the last quarter. Institutional investors own 8.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TBBB shares. Itau BBA Securities upgraded shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target on the stock in a report on Monday, April 21st. Scotiabank set a $37.00 target price on BBB Foods and gave the stock an "outperform" rating in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, BBB Foods presently has an average rating of "Moderate Buy" and a consensus target price of $33.67.

BBB Foods Price Performance

NYSE:TBBB traded up $0.01 during midday trading on Tuesday, hitting $30.27. 578,930 shares of the company traded hands, compared to its average volume of 824,232. BBB Foods has a 12-month low of $21.39 and a 12-month high of $35.22. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The firm's fifty day moving average is $26.45 and its 200-day moving average is $29.08.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($1.03). The business had revenue of $784.03 million for the quarter, compared to analyst estimates of $16.87 billion. On average, analysts expect that BBB Foods will post 0.15 earnings per share for the current fiscal year.

BBB Foods Company Profile

BBB Foods Inc, through its subsidiaries, operates a chain of grocery retail stores in Mexico. It offers household cleaning, personal hyenine, cosmetics and beauty, pharmacy, and general merchandise products, as well as jellies and desserts, foods and drinks, pet supplies, coffee, tea, chocolates, breads, dry and frozen foods, snacks and sweets, and toilet papers and napkins.